(j) Remedies for breach of a shareholders’ agreement124 The main remedies for breach of a shareholders’ agreementThere is little point in painstakingly drafting a shareholders’ agreement to protect the interests of the minority if there are no effective remedies in the event of a breach of that agreement1. A shareholders’ agreement is a contract like any other and so the main remedies for breach will be the usual contractual remedies, that is:124.1 damages;124.2 specific performance; and124.3 injunction.Alternatively, or in addition, the claimant may decide that the most practical solution is to leave
There is little point in painstakingly drafting a shareholders’ agreement to protect the interests of the minority if there are no effective remedies in the event of a breach of that agreement1. A shareholders’ agreement is a contract like any other and so the main remedies for breach will be the usual contractual remedies, that is:
damages;
specific performance; and
injunction.
Alternatively, or in addition, the claimant may decide that the most practical solution is to leave
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